AES Energy Storage and LG Chem have announced a multi-year agreement that provides access to a gigawatt-hour (GWh) of lithium-ion battery capacity with the option to procure additional capacity for the AES Advancion energy storage solution.

Tesla, in comparison, is aiming to sell 50,000 Model S and Model X vehicles per year representing around 3.9 GWh and $1 billion in Li-ion battery packs.

Lithium-ion battery maker LG Chem Ltd announced a deal to build what’s described as the world’s largest wind energy storage project in South Korea. Under the agreement with local power producer GS E&R, a 50-MWh storage system will be installed at a wind farm in Yeongyang, North Gyeongsang province. Once complete, the new energy storage facility…